Treasurys end lower ahead of economic data barrage

RachelKoning

CHICAGO (MarketWatch) -- Treasurys fell Monday ahead of a flurry of U.S. economic data this week that most analysts see arguing in favor of higher Federal Reserve interest rates over coming months. Bonds held losses after Federal Reserve Chairman Alan Greenspan repeated his expectation that foreign investment won't prop up the U.S. trade deficit indefinitely. That follows record purchases by indirect bidders, including foreign central banks, at last week's auction of 10-year notes. The benchmark 10-year note finished trading down 14/32 at 99 5/32. That shaved more than $2.50 per each $1,000 from its value. The drop in price lifted its yield
TNX, -0.11%
to 4.61% vs. 4.55% Friday.

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